Premier League Spending Frenzy: Big Money, Mixed Results in the Last Decade

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Premier League Top Spendings (Last 10 Years)

Premier League clubs are dominating the transfer windows every year. The other leagues like LaLiga, Ligue 1, Serie A, and Bundesliga have two or three clubs in each league, which puts a huge amount to sign big guns, but the Premier League has seven to eight clubs that put big amount of money. This brings more interest for fans to see their favourite players on the pitch and more investors in the league. Which is also the key reason for league success in broadcasting rights, shirt sales, social media interactions, etc.

Premier League clubs have sent more money than any other league clubs. From 2016 to 2025 seasons Top 10 clubs all over the world with the most expenditures, 6 of them are from the Premier League. Did these huge huge amount of money really pay off?

Top 10 Clubs with Most Expenditures and Incomes from 2016-2025

# Club Income (€) Expenditure (€) Net Balance (€)
1 Chelsea FC €2.75 bn €1.69 bn €‑1,062.44 m
2 Manchester City €1.96 bn €926.27 m €‑1,032.59 m
3 Manchester United €1.88 bn €533.90 m €‑1,345.79 m
4 Paris Saint-Germain €1.83 bn €878.30 m €‑954.62 m
5 Juventus FC €1.75 bn €1.19 bn €‑550.98 m
6 Arsenal FC €1.58 bn €473.14 m €‑1,110.96 m
7 Liverpool FC €1.47 bn €818.95 m €‑648.80 m
8 FC Barcelona €1.42 bn €1.08 bn €‑342.28 m
9 Tottenham Hotspur €1.41 bn €532.12 m €‑877.23 m
10 Atlético de Madrid €1.22 bn €942.58 m €‑274.88 m


Chelsea Logo Chelsea

Chelsea has been criticised for investing so much money in the transfer window, and their results didn't pay off, as they have spent €2.75 bn from 2016 to 2025, which makes Chelsea the biggest spending club last 10 years. They signed the biggest players in almost every season in the last 10 years. But they have won 7 major trophies.

  • Premier League (1): 2016–17 (Antonio Conte’s record-breaking title win)
  • UEFA Europa League (1): 2018–19
  • UEFA Champions League (1): 2020–21
  • UEFA Super Cup (1): 2021
  • UEFA Conference League (1): 2024–25
  • FIFA Club World Cup (2): 2021, 2025

Manchester United Logo Manchester United

The same thing is with Manchester United put the biggest amount in the last decade but comes up with no results, as they have spent €1.88bn and they are third in the list. Manchester United is one of the most famous clubs in the Premier League. Huge fan base and one of the decorated clubs early this century. But now it does look like that in past ten years.
Manchester United has won 5 major titles in the last 10 years, but no Premier League or UEFA Champions League titles. They have the same issue as some other Premier League clubs is their weak Youth Development system. After Sir Alex Ferguson's ERA, Manchester United has suffered a lot to manage to hold trophies same issue is still goin ong. Too early to predict their standing Premier League at the end of this season, but one thing is clear will not be able to finish in the Top 5. Last year, Manchester United was very close to relegation from the Premier League.

  • Carabao Cup (1): 2017 , 2022
  • UEFA Europa League (1): 2016–17
  • FA Community Shield (1): 2017
  • FA Cup: 2023

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Manchester City Logo Manchester City

Manchester City is also very dominant in this race, but Pep's plans and squad combinations really paid off. Manchester City wins the treble under Pep Guardiola, one of three managers ever to do so. Pep joined City on 1 February 2016. Since then, Manchester City has spent €1.96bn, and they are second in the list, but at the top of they have won 17 Trophies.

  • Premier League TITLES (7): 2017–18, 2018–19, 2020–21, 2021–22, 2022–23, 2023–24
  • FA Cup (2): 2018–19, 2022–23
  • Carabao Cup (5): 2015–16 (just before Guardiola, but counts in 2016), then 2017–18, 2018–19, 2019–20, 2020–21
  • UEFA Champions League (1): 2022–23 (City’s first ever UCL trophy)
  • UEFA Super Cup (1): 2023
  • FIFA Club World Cup (1): 2023

Arsenal Logo Arsenal

Arsenal has had one of the most promising performances in the Premier League in the past few years. But they have been unable to manage to win any major trophy in the past 10 years, even after spending €1.58bn to buy players. They just managed to win 2 FA Cups and 3 FA Community Shields. No Premier League title, no UEFA Competitions Trophy. But this year, Arsenal are showing some guns in the Premier League and even the UEFA Champions League. Their last win against Bayern Munich gave the team more confidence.
Arsenal's approach to buy players and sell one of the most appreciated by Football fans and media. They are looking like well well-organised, well-balanced team than their previous 3 seasons. Mikel Arteta has brought exactly the perfect player who can perfectly adjust to their squad. Their approach is much better than their past few years. It looks like and is predicted by football journalists and analysts that if they are able to maintain their approach till mid-February, they will be crowned with the Premier League title.


Liverpool Logo Liverpool

Liverpool has spent €1.47bn in the last 10 years, as it is 7th in the list. Liverpool's most spent was in 2025 €482.90 million, which is 33% of their expenditures in the last 10 years spent in one single season, as Arne Slot has spent a serious amount, but it does look like the amount will be able to pay off.
Liverpool also holds the record for the biggest sale of Premier League history. In the 2017/18 season, Liverpool sold Brazilian star Philippe Coutinho to LaLiga club FC Barcelona for €135 million. In the 2022/23 season, Liverpool brought in Darwin Núñez from Benfica for €85 million, won the Premier League in the Liverpool in 2024/25 season, looking very well adjusted in the squad, but then in the transfer window, he was sold to Saudi Pro League (SPL) club Al-Hilal for €53 million. Liverpool really dominated from 2018 to 2020, in all competitions under Jürgen Klopp, as compared to the other 8 years are not much. Liverpool has won 7 major trophies in the last 10 years.

  • Premier League (2): 2019-20, 2024-25
  • Carabao Cup (2): 2019-20, 2024-25
  • FA Cup: (1)
  • UEFA Champions League (1): 2018-19
  • FIFA Club World Cup (1): 2019

Tottenham Hotspur Logo Tottenham Hotspur

Tottenham Hotspur is a whole other case; they are ninth in the list, and their performance was dramatically too low. Spurs have spent €1.41bn in the last 10 years, but they have won just 1 Trophy in 2024-25, which was 17 years after Tottenham Hotspur won. But the club management was thinking something else. They let coach Ange Postecoglou go, who helped them achieve their dream, and their team captain Son Heung-min was also sold to MSL club LAFC for €22 million. Now they are standing in 9th position in the Premier League. Asper team chemistry, it does not look like they would be able to qualify for any UEFA Competition after this season.



Premier League Top Signings From 2016-2025

Name Age Position Market Value Club Joined Fee Club Left Year
Alexander Isak 25 Centre-Forward €120.00m Newcastle €145.00m Liverpool 2025/26
Florian Wirtz 22 Attacking Midfield €140.00m Leverkusen €125.00m Liverpool 2025/26
Enzo Fernández 22 Central Midfield €55.00m Benfica €121.00m Chelsea 2022/23
Jack Grealish 25 Left Winger €65.00m Aston Villa €117.50m Man City 2021/22
Declan Rice 24 Central Midfield €90.00m West Ham €116.60m Arsenal 2023/24
Moisés Caicedo 21 Defensive Midfield €75.00m Brighton €116.00m Chelsea 2023/24
Romelu Lukaku 28 Centre-Forward €100.00m Inter €113.00m Chelsea 2021/22
Paul Pogba 23 Central Midfield €70.00m Juventus €105.00m Man United 2016/17
Kai Havertz 21 Centre-Forward €81.00m Leverkusen €100.00m Chelsea 2020/21
Hugo Ekitiké 23 Centre-Forward €75.00m Frankfurt €95.00m Liverpool 2025/26
Josko Gvardiol 21 Centre-Back €75.00m Leipzig €90.00m Man City 2023/24
Harry Maguire 26 Centre-Back €50.00m Leicester €87.00m Leicester City 2019/20
Darwin Núñez 23 Centre-Forward €55.00m Benfica €85.00m Liverpool 2022/23
Jadon Sancho 21 Left Winger €100.00m Dortmund €85.00m Man United 2021/22
Romelu Lukaku 24 Centre-Forward €50.00m Everton €84.70m Man United 2017/18
Virgil van Dijk 26 Centre-Back €30.00m Southampton €84.65m Southampton 2017/18
Wesley Fofana 21 Centre-Back €40.00m Leicester €80.40m Chelsea 2022/23
Kepa Arrizabalaga 23 Goalkeeper €20.00m Athletic Club €80.00m Chelsea 2018/19
Nicolas Pépé 24 Right Winger €65.00m Lille €80.00m Arsenal 2019/20
Rasmus Højlund 20 Centre-Forward €45.00m Atalanta €77.80m Man United 2023/24
Benjamin Sesko 22 Centre-Forward €70.00m Leipzig €76.50m Man United 2025/26
Kevin De Bruyne 24 Attacking Midfield €45.00m Wolfsburg €76.00m Man City 2015/16
Bryan Mbeumo 25 Right Winger €55.00m Brentford €75.00m Man United 2025/26
Nick Woltemade 23 Centre-Forward €30.00m Stuttgart €75.00m Newcastle United 2025/26
Omar Marmoush 25 Centre-Forward €60.00m Frankfurt €75.00m Man City 2024/25
Kai Havertz 24 Centre-Forward €55.00m Chelsea €75.00m Arsenal 2023/24
Matheus Cunha 26 Second Striker €60.00m Wolves €74.20m Man United 2025/26
Alisson 25 Goalkeeper €60.00m Roma €72.50m Liverpool 2018/19
Rúben Dias 23 Centre-Back €35.00m Benfica €71.60m Man City 2020/21
Rodri 23 Defensive Midfield €80.00m Atlético €70.00m Man City 2019/20
Mykhaylo Mudryk 22 Left Winger €40.00m Shakhtar D. €70.00m Chelsea 2022/23
Dominik Szoboszlai 22 Attacking Midfield €50.00m Leipzig €70.00m Liverpool 2023/24
Martín Zubimendi 26 Defensive Midfield €60.00m Real Sociedad €70.00m Arsenal 2025/26
Eberechi Eze 27 Attacking Midfield €55.00m Crystal Palace €69.30m Arsenal 2025/26
Mason Mount 24 Attacking Midfield €60.00m Chelsea €67.70m Man United 2023/24
Álvaro Morata 24 Centre-Forward €40.00m Real Madrid €66.00m Chelsea 2017/18
Viktor Gyökeres 27 Centre-Forward €75.00m Sporting €65.80m Arsenal 2025/26
Marc Cucurella 24 Left-Back €28.00m Brighton €65.30m Chelsea 2022/23
Aymeric Laporte 23 Centre-Back €25.00m Athletic Club €65.00m Man City 2017/18
João Cancelo 25 Right-Back €55.00m Juventus €65.00m Man City 2019/20
Xavi Simons 22 Attacking Midfield €70.00m Leipzig €65.00m Spurs 2025/26
Bruno Fernandes 25 Attacking Midfield €60.00m Sporting €65.00m Sporting 2019/20
Dominic Solanke 26 Centre-Forward €40.00m Bournemouth €64.30m Spurs 2024/25
Christian Pulisic 20 Right Winger €50.00m Dortmund €64.00m Chelsea 2018/19
Pierre-Emerick Aubameyang 28 Centre-Forward €65.00m Dortmund €63.75m Arsenal 2017/18
Mohammed Kudus 24 Right Winger €45.00m West Ham €63.80m Spurs 2025/26
João Pedro 23 Centre-Forward €50.00m Brighton €63.70m Chelsea 2025/26
Roméo Lavia 19 Defensive Midfield €32.00m Southampton €62.10m Chelsea 2023/24
Tanguy Ndombélé 22 Central Midfield €65.00m Lyon €62.00m Spurs 2019/20
Leny Yoro 18 Centre-Back €50.00m Lille €62.00m Man United 2024/25
Anthony Elanga 23 Right Winger €42.00m Nott'm Forest €61.40m Newcastle United 2025/26
Sandro Tonali 23 Defensive Midfield €50.00m AC Milan €60.80m Newcastle United 2023/24
Pedro Neto 24 Right Winger €55.00m Wolves €60.00m Chelsea 2024/25
Erling Haaland 21 Centre-Forward €150.00m Dortmund €60.00m Man City 2022/23
Christopher Nkunku 25 Centre-Forward €80.00m Leipzig €60.00m Chelsea 2023/24


Premier League Top Sales From 2016-2025

Name Age Position Market Value Club Joined Fee Club Left Year
Philippe Coutinho 25 Attacking Midfield €90.00m Barcelona €135.00m Liverpool 2017/18
Eden Hazard 28 Left Winger €150.00m Real Madrid €120.80m Chelsea 2019/20
Harry Kane 30 Centre-Forward €90.00m Bayern Munich €95.00m Spurs 2023/24
Jhon Durán 21 Centre-Forward €40.00m Al-Nassr €77.00m Aston Villa 2024/25
Julián Alvarez 24 Centre-Forward €90.00m Atlético €75.00m Man City 2024/25
Romelu Lukaku 26 Centre-Forward €75.00m Inter €74.00m Inter 2019/20
Luis Díaz 28 Left Winger €70.00m Bayern Munich €70.00m Liverpool 2025/26
Riyad Mahrez 27 Right Winger €50.00m Man City €67.80m Leicester City 2018/19
Ilya Zabarnyi 22 Centre-Back €42.00m PSG €63.00m Bournemouth 2025/26
Dean Huijsen 20 Centre-Back €60.00m Real Madrid €62.50m Bournemouth 2025/26
Raheem Sterling 20 Right Winger €40.00m Man City €63.70m Liverpool 2015/16
Ángel Di María 27 Right Winger €50.00m PSG €63.00m Man United 2015/16
Matheus Nunes 25 Right-Back €45.00m Man City €62.00m Wolves 2023/24
Diego Costa 29 Centre-Forward €50.00m Atlético €60.00m Chelsea 2017/18
Oscar 25 Attacking Midfield €35.00m SH SIPG €60.00m Chelsea 2016/17
Moussa Diaby 25 Right Winger €55.00m Al-Ittihad €60.00m Aston Villa 2024/25
Amadou Onana 22 Defensive Midfield €50.00m Aston Villa €59.35m Everton 2024/25
Ben White 23 Right-Back €28.00m Arsenal €58.50m Brighton & Hove Albion 2021/22
Richarlison 25 Centre-Forward €48.00m Tottenham €58.00m Everton 2022/23
Raphinha 25 Left Winger €45.00m Barcelona €58.00m Leeds United 2022/23
Rúben Neves 26 Defensive Midfield €40.00m Al-Hilal €55.00m Wolves 2023/24
Ferran Torres 21 Centre-Forward €45.00m Barcelona €55.00m Man City 2021/22
John Stones 22 Centre-Back €28.00m Man City €55.60m Everton 2016/17
Kyle Walker 27 Right-Back €30.00m Man City €52.70m Spurs 2017/18
Sadio Mané 24 Left Winger €20.00m Liverpool €41.20m Southampton FC 2016/17

710 Football Logo Verdict

Premier League clubs have sent more money than any other league clubs. From 2016 to 2025 seasons Top 10 clubs all over the world with the most expenditures are 6, which are from the Premier League, in which Real Madrid and Bayern Munich are not part of it. This clearly shows that putting a lot of money into the transfer market is not everything. Sometimes it's great to find the best players for your squad that fit very well, so money could pay off. But not in the case of Premier League clubs, they always tried to bring big guns to attract more club fans and investors, not the best match players for their squads.
The best examples of these cases in the last decades from the Premier League are Romelu Lukaku, Kepa Arrizabalaga, Paul Pogba, Jadon Sancho, Antony, Harry Maguire, Joao Cancelo, Benjamin Mendy, Nicolas Pépé, Kai Havertz, Tanguy Ndombele, Gylfi Sigurðsson, and Naby Keïta.